Is Mukand Ltd (MUKANDLTD) a good quality company?

Past 10 year's financial track record analysis by Moneyworks4me indicates that Mukand Ltd is a average quality company .

Is Mukand Ltd (MUKANDLTD) undervalued or overvalued?

The key valuation ratios of Mukand Ltd's currently when compared to its past seem to suggest it is in the Fair zone .

What is Mukand Ltd (MUKANDLTD) share price return in the past 10 years?

Mukand Ltd share price has appreciated 14% annually (CAGR) over the past ten years.

Is Mukand Ltd (MUKANDLTD) a good buy now?

The Price Trend analysis by MoneyWorks4Me indicates it is Strong which suggest that the price of Mukand Ltd is likely to Rise in the short term. However, please check the rating on Quality and Valuation before investing

What is the share price of Mukand Ltd (MUKANDLTD)?

Company share prices are keep on changing according to the market conditions. The current trading price of Mukand Ltd (MUKANDLTD) on 17-Apr-2026 16:59:59 at 16:59 is 136.00.

What is the P/E ratio of Mukand?

The latest standalone P/E ratio of Mukand as of 17-Apr-2026 is 19.92.

What is the P/B ratio of Mukand Ltd (MUKANDLTD)?

The latest standalone P/B ratio of Mukand Ltd (MUKANDLTD) as of 17-Apr-2026 is 1.98.

What is the 52-week high and low of Mukand Ltd (MUKANDLTD)?

The 52-week high of Mukand Ltd (MUKANDLTD) is Rs. 160.85 and the 52-week low is Rs. 94.57.

Mukand Ltd (MUKANDLTD) Share Analysis – Quality, Valuation Zone & Price Trend & DeciZen Rating

Name: Mukand Ltd (MUKANDLTD)
Brand: Mukand

Mukand Ltd (MUKANDLTD) Share Analysis – Quality, Valuation Zone, Price Trend & DeciZen Rating

Mukand Ltd (MUKANDLTD)

BSE: 500460 NSE: MUKANDLTD

Key Metrics

Market Cap

₹1,975 Cr.

P/E Ratio

19.92

Price to Book (P/B)

1.98

Price to Sales (P/S)

0.43

EV/EBITDA

11.26

Return on Capital Employed (ROCE)

10.54%

Current Price

₹136

Return on Equity (ROE)

9.34%

Return on Assets (ROA)

2.65%

Operating Profit Margin

5.8%

Net Profit Margin

1.77%

Gross Profit Margin

3.7%

Book Value per Share

₹69.2

Sales Growth (YoY)

-5.08%

Sales Growth (3 Years)

1.89%

Operating Profit Growth (1 Year)

23.86%

Operating Profit Growth (3 Years)

6.84%

Net Profit Growth (1 Year)

-16.44%

52-Week Low / High

₹95 / 161

Net Profit Growth (3 Years)

-1.73%

Dividend Yield

2.22%

Promoter Holding

74.70%

Pledged shares (%)
of Promoter's holding (%)

0.00%

Check Before You Invest

Q.1 Revenue growth of Mukand Ltd?

Mukand Ltd revenue growth is -5.1% for FY-2025 , which is below its 5 year CAGR of 11.8% , indicating slower growth.

Q.1 Promoter shareholding and pledge status of Mukand Ltd?

Promoters hold 74.70% of the Mukand Ltd, with 0.00% of their stake pledged, indicating no pledge risk.

Q.1 Revenue growth of Mukand Ltd vs industry peers?

Mukand Ltd revenue CAGR is 11.75% , compared to the industry median CAGR of 7.41% , indicating faster growth and gaining its market share.

Q.1 Which industry/sub-sector does Mukand Ltd belong to?

Mukand Ltd belongs to the Metals & Mining sector, operating specifically within the Steel & Iron Products segment.

Q.1 Stock return of Mukand Ltd over the last decade?

Over the last 9 year(s), the stock has delivered a CAGR of 14.2% based on the current price.

DeciZen - make an informed investing decision on Mukand

Based on:

Data

Overall Rating ⓘ
Login to view analysis.

1. Quality

2. Valuation ⓘ

3. Price Trend

Mukand stock performance

Key Ratios

Is Mukand Ltd an attractive stock to invest in?

10 Year X-Ray : Login to view analysis.

Analysis of Financial Track Record

Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end

Value Creation ⓘ

Value Creation Index Colour Code Guide ⓘ

	Mar'16	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23	Mar'24	Mar'25	TTM
ROCE % ⓘ	9%	15.5%	9.3%	5.3%	2.5%	12.9%	8.3%	14.3%	10.8%	10.5%	-
Value Creation Index ⓘ	-0.4	0.1	-0.3	-0.6	-0.8	-0.1	-0.4	0.0	-0.2	-0.3	-
Growth Parameters ⓘ Growth Parameters Colour Code Guide ⓘ
Sales ⓘ	2,731	2,667	3,070	3,588	2,818	2,681	4,643	5,618	5,175	4,912	4,635
Sales YoY Gr.	-	-2.4%	15.1%	16.9%	-21.4%	-4.9%	73.2%	21%	-7.9%	-5.1%	-
Adj EPS ⓘ	1.5	0.9	4.4	-4.9	-13.8	-27.8	5.1	-14.2	7.1	5.6	6.9
YoY Gr.	-	-40.5%	398.9%	-210.5%	NA	NA	NA	-379.8%	NA	-20.3%	-
BVPS (₹) ⓘ	32.6	25.6	80.2	74.5	60.6	63.5	51.2	61	62.5	66.4	69.2
Adj Net Profit ⓘ	21	12.5	62	-68.6	-195	-393	73.1	-205	102	81.3	99
Cash Flow from Ops. ⓘ	117	295	764	-172	121	-262	-105	174	91.2	168	-
Debt/CF from Ops. ⓘ	23.3	9.8	2.6	-13.8	21	-7	-19.4	8.7	16.3	9.3	-

CAGR ⓘ

CAGR Colour Code Guide ⓘ

	9 Years	5 Years	3 Years	1 Years
Sales ⓘ	6.7%	11.8%	1.9%	-5.1%
Adj EPS ⓘ	16%	NA	3.6%	-20.3%
BVPSⓘ	8.2%	1.9%	9%	6.3%
Share Price	14%	6.1%	0.3%	42.1%

Key Financial Parameters ⓘ

Performance Ratio Colour Code Guide ⓘ

	Mar'16	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23	Mar'24	Mar'25	TTM
Return on Equity % ⓘ	1	1	8.3	-6.3	-20.4	-44.8	8.9	-25.2	11.4	8.7	10.1
Op. Profit Mgn % ⓘ	13.2	12.4	2.1	4.9	3.9	-9.7	5.1	-3.1	4.5	5.8	5.8
Net Profit Mgn % ⓘ	0.8	0.5	2	-1.9	-6.9	-14.7	1.6	-3.6	2	1.7	2.1
Debt to Equity ⓘ	5.9	8	1.7	2.3	3	2	2.8	1.7	1.7	1.6	-
Working Cap Days ⓘ	364	393	329	237	305	308	184	157	168	199	109
Cash Conv. Cycle ⓘ	235	241	155	96	158	169	106	95	108	130	14

Recent Performance Summary

Latest Financials

	Standalone	Consolidated
TTM EPS (₹)	6.9	4.2
TTM Sales (₹ Cr.)	4,635	4,728
BVPS (₹) ⓘ	69.2	67
Reserves (₹ Cr.) ⓘ	855	823
P/BV ⓘ	1.98	2.04
PE ⓘ	19.92	32.88

From the Market
52 Week Low / High (₹)	94.57 / 160.85
All Time Low / High (₹)	1.69 / 212.50
Market Cap (₹ Cr.)	1,975
Equity (₹ Cr.)	144.5
Face Value (₹)	10
Industry PE ⓘ	26.5

Management X-Ray

Shareholding Pattern

Promoter's Holding & Share Pledging

Pledged ^*

0.00

* Pledged shares as % of Promoter's holding (%)

Valuation of Mukand - Standalone Basis

YTD 1Y 3Y 5Y 10Y Max

Analyst's Notes

No data found!

Key Ratios

Adj EPS (Rs.)

Sales (Cr.)

ROE (%)

ROCE (%)

Profit And Loss

(All Figures are in Crores.)

PARTICULARS	Mar'16	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23	Mar'24	Mar'25
Sales	2,731	2,667	3,070	3,588	2,818	2,681	4,643	5,618	5,175	4,912
Operating Expenses ⓘ +	2,398	2,338	3,019	3,438	2,712	2,941	4,408	5,806	4,944	4,626
Manufacturing Costs	936	973	1,013	1,179	903	798	1,256	1,415	1,320	1,257
Material Costs	1,134	1,049	1,729	1,947	1,539	1,831	2,901	3,966	3,350	3,071
Employee Cost	171	175	182	208	189	189	202	205	219	226
Other Costs ⓘ	156	142	94	104	81	122	49	220	55	72
Operating Profit ⓘ	333	328	51	150	107	-260	235	-187	231	286
Operating Profit Margin (%)	12.2%	12.3%	1.7%	4.2%	3.8%	-9.7%	5.1%	-3.3%	4.5%	5.8%
Other Income ⓘ +	22	242	312	79	52	724	38	608	77	23
Exceptional Items ⓘ	0	0	-13	0	0	0	0	0	0	0
Interest ⓘ	279	425	267	303	338	307	161	175	131	130
Depreciation ⓘ	74	71	56	58	75	69	45	51	50	51
Profit Before Tax ⓘ	2	74	26	-132	-255	88	66	194	127	129
Tax ⓘ	1	63	-18	-48	-59	42	-26	9	23	42
Profit After Tax	2	11	44	-84	-196	46	92	185	104	87
PAT Margin (%)	0.1%	0.4%	1.4%	-2.3%	-6.9%	1.7%	2.0%	3.3%	2.0%	1.8%
Adjusted EPS (₹)	0.1	0.8	3.1	-6.0	-13.8	3.3	6.3	12.8	7.2	6.0
Dividend Payout Ratio (%)	0%	0%	0%	0%	0%	31%	24%	16%	28%	33%

Balance Sheet

(All Figures are in Crores.)

PARTICULARS	Mar'16	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23	Mar'24	Mar'25
Equity and Liabilities
Shareholders Fund +	2,118	361	1,134	1,053	857	897	740	881	903	960
Share Capital ⓘ	147	141	141	141	141	141	145	145	145	145
Reserves ⓘ	1,971	220	993	912	716	756	596	737	758	815
Debt +	2,464	2,597	1,658	2,229	2,461	1,820	1,036	1,505	1,473	134
Long Term Debt	1,582	1,649	779	1,564	1,894	1,735	886	1,448	1,433	107
Short Term Debt	882	949	879	665	567	84	151	56	40	26
Minority Interest	0	0	0	0	0	0	0	0	0	0
Trade Payables	838	864	989	764	775	428	508	541	439	594
Others Liabilities ⓘ	497	523	611	342	308	244	1,243	220	188	1,859
Total Liabilities ⓘ	5,917	4,345	4,392	4,389	4,401	3,389	3,529	3,147	3,003	3,547
Fixed Assets
Net Fixed Assets ⓘ +	2,407	693	562	505	516	447	484	447	452	529
Gross Block	3,437	1,769	1,474	1,469	1,550	1,541	1,604	1,600	1,650	1,777
Accumulated Depreciation	1,030	1,077	912	964	1,034	1,094	1,120	1,153	1,198	1,248
CWIP ⓘ	29	39	23	23	30	26	32	30	34	33
Investments ⓘ	251	267	1,428	1,453	1,429	715	188	275	11	30
Inventories	1,462	1,343	1,105	1,254	1,367	1,111	1,461	1,447	1,590	2,008
Trade Receivables	1,116	1,011	310	443	420	517	492	518	532	434
Cash Equivalents	65	61	59	60	67	36	209	39	53	26
Others Assets ⓘ	586	932	905	650	572	537	663	392	331	487
Total Assets ⓘ	5,917	4,345	4,392	4,389	4,401	3,389	3,529	3,147	3,003	3,547

Cash Flow

(All Figures are in Crores.)

PARTICULARS	Mar'16	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23	Mar'24	Mar'25
Cash Flow From Operating Activity ⓘ +	117	295	764	-172	121	-262	-105	174	91	168
PBT ⓘ	2	74	41	-132	-255	88	66	194	127	129
Adjustment ⓘ	340	276	41	279	385	-287	170	-231	151	169
Changes in Working Capital ⓘ	-217	-54	704	-320	-8	-80	-328	215	-185	-139
Tax Paid ⓘ	-8	-5	-11	1	-2	17	-13	-5	-2	9
Cash Flow From Investing Activity ⓘ +	-31	-33	89	8	16	1,353	338	558	88	-122
Capex	-36	-34	88	6	-18	631	-170	619	-63	-105
Net Investments	0	-0	0	0	32	715	508	-61	150	-18
Others ⓘ	5	1	2	2	1	7	0	0	1	0
Cash Flow From Financing Activity ⓘ +	-101	-260	-859	153	-136	-1,071	-212	-736	-165	-75
Net Proceeds from Shares ⓘ	0	0	0	0	0	0	0	0	0	0
Net Proceeds from Borrowing ⓘ	0	0	0	0	0	0	0	0	0	0
Interest Paid ⓘ	-277	-406	68	-269	-267	-323	-150	-183	-121	-116
Dividend Paid ⓘ	-0	0	-0	-0	0	0	-14	-22	-29	-29
Others ⓘ	175	145	-928	422	131	-749	-49	-532	-16	70
Net Cash Flow ⓘ	-15	2	-6	-10	0	19	21	-5	14	-29

Finance Ratio

PARTICULARS	Mar'16	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23	Mar'24	Mar'25
Ratios
ROE (%)	0.35	2.73	5.89	-7.69	-20.47	5.24	11.19	22.87	11.66	9.34
ROCE (%)	9.03	15.49	9.27	5.25	2.45	12.92	8.26	14.31	10.82	10.54
Asset Turnover Ratio	0.53	0.58	0.71	0.82	0.64	0.69	1.34	1.68	1.68	1.5
PAT to CFO Conversion(x)	58.5	26.82	17.36	N/A	N/A	-5.7	-1.14	0.94	0.88	1.93
Working Capital Days
Receivable Days	125	130	78	38	56	64	40	33	37	36
Inventory Days	172	171	144	120	170	169	101	94	107	134
Payable Days	141	158	119	109	118	92	55	47	53	61

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Announcements

Mukand Ltd FAQs

The current trading price of Mukand on 17-Apr-2026 16:59 is ₹136.0.

Market capitalization or market cap is determined by multiplying the current market price of a company's shares with the total number of shares outstanding. As of 16-Apr-2026 the market cap of Mukand stood at ₹1,975.3 Cr

The latest P/E ratio of Mukand as of 16-Apr-2026 is 19.92.

The latest P/B ratio of Mukand as of 16-Apr-2026 is 1.98.

The 52-week high of Mukand is ₹160.8 and the 52-week low is ₹94.57.

The TTM revenue is Trailing Twelve Months sales. The TTM revenue/sales of Mukand is ₹4,635 ( Cr.) .

About Mukand Ltd

Mukand, incorporated in 1937; is engaged in manufacturing of alloy and stainless steel long products. Earlier known as Mukand Iron & Steel Works; the company operates in four segments namely steel, industrial machinery, road construction and other products.

Mukand is part of Bajaj group of companies. Bajaj Auto is Flagship Company of this group.

Companyâ€™s steel plant is located at Kalwe near Mumbai and Hospet, Karnataka. Mukandâ€™s manufacturing facilities are ISO 9000: 2000 certified.

The Company supplies its steel products to customers located in countries such as the United States of America, Germany, Italy, the Netherlands, Switzerland, United Arab Emirates, Japan, Korea, Hong Kong, Taiwan, Vietnam, to mention a few.

The company has offered its products and services to clients like Maruti Udyog, Bajaj Auto, Honda Motor Cycle & Scooter India, Hero Honda Motors, Steel Authority of India, Larsen & Toubro, Defence Research and Development Organisation, Mitsui, General Electric, National Highways Authority of India are among others.

In 2012 the company formed the Joint Venture with Sumitomo Corporation, Japan & sale of Cold Finished Bars & Wires Business to subsidiary, Technosys Metal Processing Ltd.

Business Area

Steel- Under this, it manufactures a wide range of steel and alloy products such as wire rods, rolled products, round bars, hexagons, round corners squares, bright bars, cold finished wires and cast for booms and billets.

Machinery- Under this Mukand manufactures electric overhead travelling (EOT) cranes, electrical level luffing crane, gantry crane, container handling crane, bulk material handling and equipment, process plant equipment.

Turnkey projects- This division undertakes several projects for various organisation such as a 40 metre high mobile service structure for assembly of augmented satellite launching vehicle (ASLV) for Indian Space Research Organization (ISRO); An anode handling and rodding plant for National Aluminium Company are among several others projects.

Road construction- The company undertook construction of two highway projects namely Ashapur-Khaga and Handia-Rajatalao funded by the World Bank.

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Name of the IA registered with SEBI:	The Alchemists Ark Pvt. Ltd.
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Trade/Brand Name of IA:	MoneyWorks4Me Investment Advisers
Brand Logo:
SEBI Registration Number:	INA000013323 Validity – May 16, 2019 – Perpetual
Registration:	Non-Individual
BSE Enlistment No:	1187
Address:	B-101, Signet Corner Building, Balewadi Phata, Baner, Pune, Maharashtra 411045
Compliance officer Details:	Name: Shrikant Jagtap Email: shrikant.jagtap@moneyworks4me.com Telephone: +919860359463 Address: Same as IA
Grievance Officer Details:	Name: Mukta Vaze Email: mukta.vaze@moneyworks4me.com Telephone: +91 98609 19463 Address: Same as IA
Principal Officer Details:	Name: Atharva Bhide Email: atharva.bhide@moneyworks4me.com Telephone: +91 91758 99463 Address: Same as IA
Standard Warning:	Investment in securities market are subject to market risks. Read all the related documents carefully before investing.
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Mukand Ltd (MUKANDLTD) Share Analysis – Quality, Valuation Zone, Price Trend & DeciZen Rating

Mukand Share Price